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    • April 02, 2013, 03:05:44 pm
Income Tax Return For Foreigners: Everything You Need To Know
« on: January 04, 2019, 09:24:49 am »
http://www.englishspectrum.com/income-tax-return-for-foreigners-everything-you-need-to-know/

Quote
Foreign residents just like Korean nationals, are required to submit their tax forms on a yearly basis between Jan. 25 and Feb. 10. The year-end tax settlement is March 10th for employees and May10th for self-employed or free lancers.

The National Tax Service publishes the Easy Guide for Foreigners’ Year-end Tax Settlement each year. The Easy Guide for Foreigners’ Year-end Tax Settlement is published in December of the tax year. You can find an online copy of the guide on the National Tax Service website.

Eligibility

If you pay income tax deductions out of your salary every month, then there is a possibility that you’re eligible for tax refund. In the case of many ESL teachers working for a private school or hagwon, the employers make monthly income tax deductions. However, many hagwon owners are notorious for not filing tax returns for the foreign employees. In most cases, the foreign employee has no clue that they actually qualify for tax returns.